Adjustments to the conversion conditions following the payment of the dividend for the non-dilutive convertible bonds due 2022

Capitalized terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions of the Bonds (the 'Conditions').

Compagnie Générale des Etablissements Michelin hereby notifies the holders of the Bonds that, following the occurrence of an Ex-Date in respect of an Ordinary Cash Dividend of €2.00 per share payable on July 03, 2020 to shareholders on record on July 02, 2020, the following adjustments become effective July 01, 2020:

  • The Conversion Price is adjusted to €132.7650;
  • The Conversion Ratio based on such adjusted Conversion Price is 1,419.7944; and
  • The Dividend Threshold is adjusted to €2.8243.

(Each of the numbers above has been rounded to four decimal places, in accordance with the terms and conditions.)

  • Adjustments to the conversion conditions following the payment of the dividend for the non-dilutive convertible bonds due 2022PDF - 310.22 Ko

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Compagnie Générale des établissements Michelin SA published this content on 06 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2020 12:18:06 UTC